Econometrica Vol. 42 No. 2 1974

Product Durability under Monopoly and Competition

Morton I. Kamien^1,2,3; Nancy L. Schwartz^1,2,3

¹ Northwestern University · ² Kellogg's (Canada) · ³ Science North

Abstract

The durabilities of a consumption good produced in a perfectly competitive market or by a monopoly are compared. The analysis is conducted in terms of firm profit maximization in a Cournot industry. Conclusions are based on the properties of the entire optimal path rather than on the steady state alone.

DOI

10.2307/1911979

Volume

42

Issue

2

Pages

289

Sources

bibtex:phds-export.bib openalex crossref

Cite

APA 7 MLA 9 Chicago (author–date) Harvard Elsevier Harvard (JFE, JBF…) The Accounting Review Academy of Management American Marketing Association INFORMS (Management Science) Copy citation Copied ✓